Powerlaw Corp. Lifts the Hood on Its Portfolio: SpaceX Is 27% of NAV, and Two AI/Defense Names Join the Roster
PWRL is trading near its 52-week low of $12.585 (4.1% above the low).
Summary
Powerlaw Corp. filed a prospectus supplement detailing its portfolio as of June 30, 2026, including a 27% NAV position in SpaceX and new investments in AI/defense companies Prometheus Industries and Shield AI.
Key Events · Financing and Capital Events · PWRL
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Portfolio Holdings Disclosed
As of June 30, 2026, the fund held 19 portfolio companies with a total fair value of $556.2M, representing 79.36% of net assets. Top holdings include SpaceX (27.04% of NAV), OpenAI (6.69%), and Kalshi (5.40%).
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New Investments Added
Between May 13 and June 30, 2026, the fund acquired stakes in Prometheus Industries (AI-driven engineering, $15.7M fair value) and Shield AI (autonomous defense systems, $25.1M fair value), expanding its AI and defense exposure.
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NAV Context
The fund's net asset value per share was $16.21 as of June 30, 2026, implying the stock trades at a discount to NAV. The portfolio update provides granularity on the underlying assets backing that NAV.
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Trading Near 52-Week Low
With the stock at $13.10, near its 52-week low of $12.58, the detailed portfolio disclosure may help investors evaluate whether the discount to NAV is justified given the quality and concentration of holdings.
Analysis · PWRL · Unknown
A newly filed prospectus supplement lays out Powerlaw's portfolio as of June 30, 2026, showing a total fair value of $556M against net assets. The largest position, SpaceX, accounts for 27% of NAV, with OpenAI next at 6.7%. Two fresh additions—Prometheus Industries, an AI-driven engineering firm, and Shield AI, a specialist in autonomous defense systems—broaden the fund's exposure to high-growth private technology. For a closed-end fund trading near its 52-week low, this level of transparency into holdings and recent acquisitions gives investors a clearer lens to assess the discount to NAV and the quality of the underlying portfolio.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PWRL was trading at $13.10 on NASDAQ in the Unknown sector, with a market capitalization of approximately $566.5M. The 52-week trading range was $12.58 to $40.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.